Protected: Hangman

Trap Door Open Globex range saw the short’s stops run from Friday’s high in a retest failure move. The trap door opened during RTH when the overnight low was taken out, and the market sought support. THe DT4$2 traders were advised to be conservative into...

Protected: Hangover

Consolidation Yesterday’s slingshot trade succumbed to a retest of yesterday’s lows, and produced an inside day as anticipated. We felt with Rosh Hashana markets would be relatively quiet. 96.75 Target 2 was suggested as a wrap for shorts, and conservative...

Protected: FOMC

FED Up The market took some profits today and closed the 2497.25 gap, but the 92/94 zone we thought might hold did and ran all the way back up the news pole. Today was a a daytrader’s dream after being so rangebound the past few days. The goal was to be prepared...